Protein Content Could Tell the Tale of Wheat Prices This Harvest SeasonFri, 28 May 2010 5:28:02 CDT
Oklahoma State University Grain Marketing Economist Dr. Kim Anderson believes that cash wheat prices will have a "three" in front of them as we go through the harvest season- and that how much lower they might go will depend on the protein content of the 2010 crop. If we find low protein tests the norm this season- there could easily be another twenty to thirty cents of downside in current cash wheat prices in the state.
Dr. Anderson also talked with Clinton Griffiths of SUNUP about the relationship of wheat prices to the strength of the US dollar. Earlier in 2010, Anderson saw little tie between Yankee greenbacks and bushels of wheat- but in recent weeks- a stronger dollar has been matched by lower wheat prices- a sign, according to Anderson, that current wheat price levels are very sensitive to wheat export movement.
You can see Dr. Anderson on this weekend's SUNUP program on OETA Saturday morning- but you can get his audio analysis of this longtime watcher of the wheat market by clicking on the Listen Bar below. Take a listen now and get a leg up on the markets before the three day holiday weekend kicks in.
Besides the regular look at the wheat marketing strategy with OSU's Kim Anderson, Clinton Griffiths of SUNUP gives us this rundown of this weekend's program as produced by OSU Ag Communications:
SUNUP and the guys from Shop Stop walk through prepping a combine for harvest.
In AGWEATHER we get a measure of rainfall in the last 30 days and 60 days.
Derrell Peel talks about finding the top of cattle markets and what to expect seasonally.
Glenn Selk discusses the importance of looking back at this year’s calving season to make decisions about next year.
Repairing woodpecker damage to homes and a few tips on preventing more damage from these protected birds.
SUNUP traveled to Gideon, Okla. for a tour of DARP Processing, the state’s newest, small-scale poultry processor.
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